Question
A firm is projected to generate free cash flows of 150, 200, 290, and 320 million over the next 4 years, starting one year from
A firm is projected to generate free cash flows of 150, 200, 290, and 320 million over the next 4 years, starting one year from today. Begining with year 5, FCF is projected to grow at 4% per year indefinitely. If WACC is 8.5% and has net debt of $500 million, what's your estimate for the firms total equity value? (Please show work)
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Public Finance In Canada
Authors: Harvey Rosen, Beverly George Dahlby, Roger Smith, Jean-Francois Wen, Tracy Snoddon
3rd Canadian Edition
0070951659, 978-0070951655
